MergerJul 10, 2026, 02:54 PM
General Fusion Completes SPAC Merger, Raises $150M, to Trade as GFUZ
AI Summary
General Fusion Group Ltd. announced the successful completion of its business combination with Spring Valley Acquisition Corp. III. The company is now public, having raised approximately US$150 million in cash from the transaction. Its shares and warrants are expected to begin trading on Nasdaq under the ticker symbols "GFUZ" and "GFUZW" on July 13, 2026. This capital will be used to advance General Fusion's Lawson program and achieve key technical milestones by 2028, demonstrating its Magnetized Target Fusion (MTF) technology.
Key Highlights
- General Fusion completed its business combination with Spring Valley Acquisition Corp. III.
- The company is entering public markets with approximately US$150 million in cash.
- Shares and warrants are expected to begin trading on Nasdaq on July 13, 2026.
- Ticker symbols will be "GFUZ" for shares and "GFUZW" for warrants.
- Capital will fund the Lawson program through key technical milestones by 2028.
- LM26, the first MTF demonstration machine, operates at 50% commercial-scale diameter.
- LM26 aims to achieve plasma heating to 1 keV (10 million degrees Celsius) and 10 keV (100 million degrees Celsius).
Price Impact
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